Management of Outsourcing Risk

Course Summary

This workshop
introduces the principles of outsourcing and looks at the selection and
appointment of service providers, including the due diligence requirements and
ongoing monitoring and oversight. The session will be of particular interest to
directors, risk managers, compliance/governance and audit staff.

Topics

Drivers for outsourcing

Regulatory requirements and best practice

Identification, assessment and mitigation of outsourcing risk

Due diligence prior to appointment of a new provider

Evidencing monitoring and oversight

Consideration of an exit plan

Case Studies

Course Benefits

In attending this course, delegates will be able to:

Understand the risks associated with outsourcing and how to identify, assess and mitigate them

Demonstrate robust governance surrounding outsourcing

Understand how to evidence monitoring and oversight to the regulator.

Tutor Profile

Sharon Alvarez is a Director of Resolve Partners Ltd. Prior to setting up Resolve Sharon was a Director of a large Guernsey fund administrator. She held the position of Group Head of Risk and Compliance with responsibility for Guernsey, London, Luxembourg and Jersey compliance, governance and risk management. She is a qualified accountant and Chartered Secretary.

Sharon has over 30 years’ experience of accounting, administration and compliance/governance including many years at board level on companies in multiple jurisdictions (including regulated General Partner boards). She has significant experience in leading licensed entities through complex and problematic situations including GP/Advisor divorce, mediation, regulatory issues and regulator onsite inspections including PRISM.

Sharon enjoys all aspects of compliance, governance, company secretarial and risk management and since setting up Resolve has worked with clients from the fiduciary, fund, banking and insurance sectors.

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